TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0585%/8h= +64.1% APRnext payment +$0.73 per $10,000 · paid last 24h +0.107%

Price spread now: Reya against GMX+0.107%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Reya is 0.107% dearer against GMX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX TAO/USD [WBTC.b-USDC]	317.06	L +0.0112% / S +0.0154%	pay 0.0014% / 1h	2m 37s	$424K	—	100x
Short	Reya TAORUSDPERP	317.40	0.0698	get 0.0087% / 1h	2m 37s	$365	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee ReyabpOrdersPrice spread, now +0.107%Rate

Funding earned: $122.95
Price spread: +0.107% → 0.000%: $10.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $115.63
Costs to cover: 0.180%
Break-even: 0.4 days

Slippage unknown: GMX: no order-book sample; Reya: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GMX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

GMX and Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0237%	1h	320.94	+1.224%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.41	−0.205%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.21	+0.047%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.37	+0.098%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.10	+0.013%	$26.4M	$129.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.80	−0.082%	$14.3M	$52.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.93	−0.041%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.87	−0.060%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.23	+0.685%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.32	+0.082%	$84K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.21	+0.048%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.99	−0.022%	$115K	$600K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.23	+0.054%	$720	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]long	L +0.0112% / S +0.0154%	1h	317.06	long leg	$424K	—	100x
Aevo TAO-PERP	+0.0128%	1h	317.47	+0.131%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	317.31	+0.079%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0178%	4h	317.06	0.000%	$107.1M	$152.0M	300x	as long as short
Binance TAOUSDT	+0.0178%	4h	316.96	−0.033%	$92.0M	$528.6M	75x	as long as short
edgeX TAOUSDC	+0.0186%	4h	319.32	+0.714%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0234%	8h	317.11	+0.015%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0256%	4h	316.88	−0.057%	—	$36.5M	—	as long as short
Bybit TAOUSDT	+0.0256%	4h	317.14	+0.025%	$69.5M	$156.0M	50x	as long as short
Bullet TAO-USD	+0.0301%	1h	317.52	+0.146%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0338%	4h	317.08	+0.008%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0344%	1h	317.13	+0.023%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0356%	4h	318.52	+0.460%	$543K	$926K	10x	as long as short
BloFin TAO-USDT	+0.0418%	4h	317.35	+0.092%	$4.7M	$11.0M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0478%	1h	317.35	+0.091%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.829%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0516%	1h	317.45	+0.122%	$787K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	317.01	−0.014%	$360K	$429K	10x	as long as short
Phoenix TAO	+0.0567%	1h	318.10	+0.328%	$317K	$709K	5x	as long as short
Lighter TAO	+0.0576%	1h	316.75	−0.098%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0583%	1h	316.81	−0.079%	$93.7M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.37	+0.098%	$3K	$4K	5x	as long as short
Phemex TAOUSDT	+0.0611%	4h	317.42	+0.114%	$3.2M	$8.1M	50x	as long as short
Arcus TAO-USD	+0.0641%	1h	317.47	+0.130%	$102K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0668%	1h	316.96	−0.031%	$295K	$905K	10x	as long as short
Reya TAORUSDPERPshort	+0.0698%	1h	317.40	+0.107%	$365	—	20x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.41	+1.057%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	317.22	+0.051%	$437K	$678K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1163%	1h	317.52	+0.144%	$5.9M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+2.038%	$24K	$2K	12x	as long as short